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Nuance Investments, LLC
Scott Moore · Investment Advisor · Value
Nuance Investments, LLC is an employee-owned investment management firm headquartered in Kansas City, Missouri. Founded in 2008 by Scott Moore, the firm is an SEC-registered investment adviser that provides specialized investment management services to individuals, trusts, and institutional clients. Nuance is primarily focused on value-oriented equity strategies, managing a variety of mutual funds and separate accounts. The firm is recognized for its disciplined and research-intensive approach, seeking out high-quality business franchises that possess strong financial characteristics but are trading at a discount to their intrinsic value. Since its inception, Nuance has maintained a commitment to a process-consistent investment style aimed at delivering superior risk-adjusted returns across different market cycles.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +1.9% |
| YTD return | -2.7% |
| Sharpe ratio | 2.36 |
| Win rate | 55% |
| AUM | $0.7B |
| Inception | Oct 1, 2025 |
| Updated | Sep 21, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.7B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.nuanceinvestments.com/ |
Current Holdings
Updated on Sep 21, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| MRTN | Marten Transport Ltd | 11.8% | -6.9% |
| CWT | California Water Service Group | 11.6% | +6.2% |
| CLX | The Clorox Company | 11.3% | -21.8% |
| WERN | Werner Enterprises Inc | 8.5% | +15.4% |
| HTO | H2O America | 7.3% | +26.8% |
| KVUE | Kenvue Inc. | 6.6% | -5.0% |
| SOLV | Solventum Corp. | 5.8% | +20.5% |
| GL | Globe Life Inc | 4.6% | +17.6% |
| ATR | AptarGroup Inc | 4.4% | -10.2% |
| QGEN | Qiagen NV | 4.2% | +1.5% |
| IEX | IDEX Corporation | 3.2% | +25.4% |
| HSIC | Henry Schein Inc | 2.9% | +25.8% |
| LNN | Lindsay Corporation | 2.7% | -10.2% |
| BDX | Becton Dickinson and Company | 2.6% | -1.3% |
| EG | Everest Group Ltd | 2.5% | +8.3% |
| HENKY | Henkel AG & Co KGAA | 2.3% | -0.0% |
| POR | Portland General Electric Co | 2.2% | +3.7% |
| CVGW | Calavo Growers Inc | 2.0% | -1.6% |
| AVA | Avista Corporation | 1.8% | -7.7% |
| KNX | Knight Transportation Inc | 1.5% | +4.2% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 21, 2026 | SELL | BDX | 2.6% → 2.6% |
| Sep 21, 2026 | BUY | HSIC | 2.9% → 2.9% |
| Sep 21, 2026 | SELL | KVUE | 6.6% → 6.6% |
| Sep 21, 2026 | BUY | CLX | 11.3% → 11.3% |
| Sep 21, 2026 | SELL | CVGW | 2.0% → 2.0% |
Investment Style Analysis
Nuance Investments, LLC is widely recognized for employing a Value strategy. As of Sep 21, 2026, the firm oversees approximately $0.7B in assets under management (AUM). The portfolio demonstrates a clear preference for the Trucking and Household & Personal Products sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 21, Nuance Investments, LLC made a significant move by reducing the position in BDX. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Nuance’s investment philosophy is centered on a classic value approach that emphasizes the purchase of high-quality companies at a significant discount to their fair value. The firm employs a rigorous, bottom-up fundamental research process to identify leading business franchises with sustainable market share and above-average financial strength. Central to their strategy is the concept of a "margin of safety," where the team only invests in securities trading below their proprietary calculation of intrinsic value. By maintaining a disciplined focus on business quality and valuation, Nuance aims to achieve long-term capital appreciation while prioritizing capital preservation and consistent execution throughout varying economic environments.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Nuance Investments, LLC.
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Frequently asked questions
How is the simulated portfolio for Nuance Investments, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Nuance Investments, LLC's largest holding?
As of the latest filing, Nuance Investments, LLC's top position is Marten Transport Ltd (MRTN), representing 11.8% of the portfolio. This reflects a high-conviction bet by the institution.
What is Nuance Investments, LLC's historical performance and risk profile?
Our simulation indicates a total return of +1.9% with a win rate of 55%. Notably, the portfolio maintains a Sharpe Ratio of 2.36, suggesting an excellent level of risk-adjusted returns compared to the broader market.
What sectors does Nuance Investments, LLC primarily invest in?
Nuance Investments, LLC has a strong preference for the Trucking sector, which makes up 21.8% of their disclosed assets. The portfolio also has exposure to Household & Personal Products, indicating a specific thematic focus.
Is Nuance Investments, LLC's portfolio concentrated or diversified?
Nuance Investments, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 34.8% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Nuance Investments, LLC performed in 2026?
Our AI-simulated model portfolio for Nuance Investments, LLC tracks a Year-to-Date (YTD) return of -2.7%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Scott Moore manage Nuance Investments, LLC directly?
Yes, Scott Moore serves as the key portfolio manager for Nuance Investments, LLC, overseeing the investment strategy and final capital allocation decisions.